Faith Charities Inc
Faith Charities Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Corpus Christi, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 8 grants totaling $134K. Net investment income was $11K.
Key facts about Faith Charities Inc
- EIN
- 74-2797643
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $134,213
- Grants made (2024)
- 8
- Average grant
- $16,777
- Median grant
- $13,344
- Total assets
- $162,550
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Faith Charities Inc funds
By grant dollars, the top recipient states for Faith Charities Inc's 8 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Corpus Christi, TX (3 grants) and Houston, TX (2 grants). None of its 8 grants with a stated purpose were described as general or operating support.
How Faith Charities Inc gives
- Giving fell 35% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Faith Charities Inc
- How to evaluate Faith Charities Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$163K
-22.1% YoY
Annual Giving
$134K
-5.5% YoY
Grant Count
8
-50.0% YoY
Avg Grant Size
$17K
+89.1% YoY
Under IRS private-foundation payout rules, Faith Charities Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About Faith Charities Inc
Based on IRS filings
Faith Charities Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Corpus Christi, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 8 grants totaling $134K. Net investment income was $11K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $162,550 | $208,641 | $259,381 |
| Revenue | $91,935 | $96,680 | $222,719 |
| Expenses | $138,026 | $147,420 | $217,968 |
| Qualifying Distributions | $134,213 | $141,965 | $216,338 |
| Net Investment Income | $11,127 | $4,092 | $13,746 |
| Distributable Amount | $10,171 | $6,290 | $11,228 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Fullness of Truth ($53,750), Society of Our Lady of the Most Holy Trinity ($21,000), St Francis De Paula Catholic Church ($16,575).
| Recipient | Purpose | Amount |
|---|---|---|
| FULLNESS OF TRUTH Kingwood, TX | TO PROMOTE AND SHARE THE INESTIMABLE GIFT AND IRREFUTABLE TRUTH OF THE ROMAN CATHOLIC FAITH WITH ALL, THOUGH WITH SINCERE CHARITY AND REVERENCE. | $53,750 |
| SOCIETY OF OUR LADY OF THE MOST HOLY TRINITY Robstown, TX | TO SERVE, AS DISCIPLES OF JESUS THROUGH MARY LIVING IN MARIAN-TRINITARIAN, ON ECCLESIAL FAMILY TEAMS IN AREAS OF DEEPEST APOSTOLIC NEED | $21,000 |
| ST FRANCIS DE PAULA CATHOLIC CHURCH San Diego, TX | TO GATHER AROUND CHRIST IN THE EUCHARIST. NOURISHED BY THE BODY AND BLOOD OF JESUS CHRIST TO GO FORTH TO DO CORPORAL AND SPIRITUAL WORKS OF MERCY TO FULFILL HIS COMMAND, "LOVE ONE ANOTHER AS I HAVE LOVED YOU." | $16,575 |
| CATHOLIC CHARITIES OF CORPUS CHRISTI INC Corpus Christi, TX | TO HELP REDUCE HUNGER IN CORPUS CHRISTI, TEXAS. | $15,188 |
| MAGNOLIA SCHOOL Houston, TX | TO PREPARE YOUNG WOMEN FOR A LIFE DISTINGUISHED BY EXCELLENCE, GOODNESS, AND JOY. RECOGNIZING THAT IN A WHOLLY REALIZED EDUCATION, KNOWLEDGE AND LOVE GO HAND-IN-HAND. | $11,500 |
| ST JOSEPH ROMAN CATHOLIC CHURCH Corpus Christi, TX | TO INVITE EVERY PARISHIONER TO A LIFE ROOTED IN GRATITUDE TO GOD | $9,700 |
| GRACEWOOD Houston, TX | TO RESCUE CHILDREN AND THEIR SINGLE MOTHERS, ENSURING A BRIGHT FUTURE BY PROVIDING HOME, HOPE, AND HEALING | $5,500 |
| PREGNANCY CENTER OF THE COASTAL BEND Corpus Christi, TX | TO OPERATE AS A PROFESSIONAL MEDICAL OFFICE THAT PROVIDES FREE AND CONFIDENTIAL UNPLANNED PREGNANCY SERVICES IN THE SOUTH TEXAS. | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paul D Laudadio | Pres/Treas | 3 | — |
| Daphne J Laudadio | Vice President | 1 | — |
| Tracey Velez | Secretary | 1 | — |
| Kelly Laudadio | Director | 1 | — |
| Paul Laudadio II | Director | 1 | — |
| Lindsay Laudadio | Director | 1 | — |
| Tricia Johnson | Director | 1 | — |
| Jorge Velez | Director | 1 | — |
| Brook Johnson | Director | 1 | — |
| Tammy Perry | Director | 1 | — |
| Andy Perry | Director | 1 | — |
| Cornelius M Hayes III | Director | 1 | — |
| FR Victor Perez | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Faith Charities Inc?
Faith Charities Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Corpus Christi, TX. It holds $163K in total assets as of 2024.
How large is Faith Charities Inc?
As of 2024, Faith Charities Inc holds $163K in total assets with $92K in annual revenue. It awarded 8 grants totaling $134K in 2024.
Where does Faith Charities Inc operate?
Faith Charities Inc has awarded grants in Kentucky, Louisiana, Texas, Washington.
What size grants does Faith Charities Inc award?
In 2024, Faith Charities Inc awarded 8 grants totaling $134K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Faith Charities Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Faith Charities Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Faith Charities Inc's EIN?
Faith Charities Inc's EIN (Employer Identification Number) is 74-2797643. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.